Record-Breaking Revenue and Growth
Net revenue grew 31% year-over-year, driven by 23% organic growth and 8% acquisitive growth. Adjusted EBITDA increased by 71% from the previous year.
Strong Performance in Energy Segment
Energy segment revenue rose 25% due to strength in utility programs and double-digit gains in planning and construction management.
Successful Acquisitions and Cross-Selling
Recent acquisitions contributed $11 million to contract revenue, and cross-selling between new acquisitions and legacy clients is driving organic growth.
Improved Financial Metrics
Gross profit grew 40%, with gross margin improving to 39.4% from 34.6% last year. Net income rose by 236% compared to Q2 2024.
Strong Cash Flow and Debt Reduction
Reduced total debt by $28 million during the quarter, and converted 80% of adjusted EBITDA to cash from operations.